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PROVENA FOODS REPORTS SECOND QUARTER RESULTS

 PROVENA FOODS REPORTS SECOND QUARTER RESULTS
 CHINO, Calif., July 27 /PRNewswire/ -- Provena Foods Inc.


(AMEX: PZA) today released the following second quarter results:
 PROVENA FOODS INC.
 Statement of Operations
 (Unaudited)
 Periods ended Three Months Six Months
 June 30 1992 1991 1992 1991
 Net sales $6,155,440 $8,103,261 $12,172,570 $15,788,619
 Cost of sales 5,578,003 7,193,315 11,214,679 14,003,399
 Gross profit 577,437 909,946 957,891 1,785,220
 Operating expenses:
 Distribution 164,616 169,599 332,684 367,178
 General & admin. 321,709 357,267 641,182 637,949
 Operating inc. (loss) 91,112 383,080 (15,975) 780,093
 Interest expense, net (3,830) (46,776) (11,215) (96,240)
 Other income, net 20,946 12,134 39,117 32,552
 Earns. from cont. opers.
 bef. inc. taxes 108,228 348,438 11,927 716,405
 Income tax expense 46,716 141,170 10,026 288,869
 Earnings from
 continuing opers. 61,512 207,268 1,901 427,536
 Discontinued opers.:
 Earns. (loss) from
 discont. opers., net
 of applicable income
 taxes 2,143 5,617 (972) 7,069
 Net earnings 63,655 212,885 929 434,605
 Earnings per share $.02 $.08 -- $.17
 Wtd. avg. no. of
 shares outstdg. 2,625,197 2,592,307 2,621,860 2,589,923
 Sales of the pasta division increased slightly but sales of the meat division declined. The decline is expected to reverse as the economy improves. Both divisions were profitable in the second quarter and for the first half. The company's profit for the second quarter offset its loss for the first quarter, resulting in a nominal profit for the first half. The company will pay its regular quarterly dividend of 4 cents per share payable Sept. 30, 1992, to shareholders of record Sept. 10.
 -0- 7/27/92
 /CONTACT: John D. Determan, chairman of the board of Provena Foods, 714-627-1082/
 (PZA) CO: Provena Foods Inc. ST: California IN: FOD SU: ERN


CK -- NY005 -- 3375 07/27/92 09:30 EDT
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Date:Jul 27, 1992
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